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Evaluating Your Senior Living Options: Rental Communities

Senior couple looking at finances and budgets for their meeting at The Grand Royale

When it comes to Independent Living apartments, seniors have seemingly endless options to choose exactly what works for their needs, goals and budgets. Many seniors today are choosing rental retirement communities as an affordable independent senior living option.

“Rental independent living communities offer freedom and flexibility, which is something that most seniors want as they enter their retirement years,” says Kyla Mitchell, Director of Marketing for The Grand Royale, a luxury retirement community in Gladstone, MO. “They also don’t require a large up-front fee to become a member of the community, which is very attractive.”

To help determine whether a rental retirement community is right for you, here are some of their benefits as well as how they work.

Rental senior living communities operate exactly how they sound: residents sign a lease and pay a minimal security deposit or fee. Generally, a rental community offers Independent Living, Assisted Living and (like at The Grand Royale) Short-Term Rehabilitation services. Residents also have the freedom to move away from the community if they wish without much red tape. This is a great option for many people who may not want to make a long-term obligation due to health, a personal situation or simply wanting to keep options open.

A rental community offers a wide variety of services and amenities, all with significant benefits. Here are just a few of them:

A maintenance-free lifestyle.

Rental communities offer the privacy of a personal home with the services and amenities of a resort. Residents pay one monthly fee that covers all (or almost all) expenses, like utilities, meals and housecleaning. In other words, moving to a community gives you a maintenance-free, all-inclusive lifestyle that leaves you with all the time in the world to do the things you want to do without anything you “have” to do.

So many enrichment opportunities.

Our life-enrichment activities are designed for our most important people: our residents! We take what we learn from them and create opportunities for fun and self-actualization. Our residents have a lot of talent, wisdom and creativity, and they love sharing it all. From volunteering in our garden to teaching others new skills to partnering with schools for coaching and tutoring, our residents do it all. Fun is a big part of their experience, and we encourage it every day.

Keeping your funds liquid.

Communities with a large entrance fee tie up a lot of equity, which means that you can no longer easily use those funds for things you want to do, like travel, setting up a trust or anything else you’d like to do in your retirement. A rental community doesn’t require that hefty deposit, which allows you to use that money as you wish.

Complete choice for healthcare.

While rental communities often have differing levels of care on campus, residents don’t have to use them if they would prefer to go somewhere else. In buy-in communities, residents are pretty much tied to using the health care services that are available. At a rental community, you can decide to move somewhere else if it works better for your needs or lifestyle.

Flexibility and freedom.

What were your goals and dreams 10 years ago? 20 years ago? It’s possible that what you thought you wanted from the future has changed in many ways. What you want today may be different than what you’ll want in the future. A rental senior living community gives you the ability to change your location as your goals and dreams change, if that’s what you wish, giving you complete flexibility and peace of mind.

“A rental community is an excellent choice for many seniors,” says Kyla. “At The Grand Royale, we take care of all your needs while also giving you the freedom and flexibility to live your life as you like. With Independent Living, Assisted Living and Short-Term Rehabilitation services, we are here to be your home for life without the red tape.”

The Grand Royale: We Await Your Arrival

When you choose a place like The Grand Royale, retirement living feels a lot like taking an extended vacation. Here, you can sit back and relax, knowing that your needs will be met.

We offer Independent Living, Assisted Living and Short-Term Rehabilitation. Although we are a new community, we’ve recruited some of the top-tenured talents to join us. We’re here to care for you 24 hours a day, 7 days a week. We pride ourselves on our elevated dining experience and provide delicious meals with genuine service while building long-lasting relationships.

At The Grand Royale, you will enjoy a variety of amenities. Join us for a relaxing manicure, pedicure, or a movie and popcorn in our state-of-the-art theater. Our person-centered care, health-focused initiatives, dining options and activities are exactly what we want for our own family.

For more information, contact us today at 816-293-2555 or online.


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